A company can overcome its main weaknesses by investing in research and development to foster innovation, improving financial management to increase resources, and providing training to employees to enhance their skills. It can also consider strategic partnerships or acquisitions to strengthen its position. Furthermore, it can seek feedback from customers to identify areas for improvement and implement changes accordingly.
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To compare the organization against market conditions, this opportunities vs threats checklist grades where opportunities exist across market conditions like consumer habit trends, competition, and market potential; environmental conditions like regulations, laws, or the climate; and the organization's strengths and weaknesses. In this example, the company's pricing and diverse product range are key strengths, but its innovation ability and financial resources its main weakness. (Slide 4)